CIPLAThe stock seems to be in love with box pattern.
Since the fall in March, the stock has made 3 rectangles and has broken out of those rectangles followed by multiple successful retests.
Expecting something similar.
Add on dips.
The stock has formed medium term base around 700.
CMP: 833
Target: 893, 925, 950, 997
PHARMA
NIFTY PHARMA "ALERT"Nifty Pharma Made Tweezer Top On Weekly Chart On 21st Sep. Now It Is Trying To Break The High Of 14th Sep. A Single Day Close Above 12550 & All The Pharma Stocks Will Sky Rocket. We'll See New All Time High In Pharma Index.
Cipla, Drreddy, Cadila, Glenmark Are My Top Picks & In My Folio.
CadilaHC Long(Swing trade)Above 481
SL-460
Target-491-496-502
Waiting for BO candle with volume
above all important moving average in all timeframe
already in positional trade
Cipla | Bearish Harmonic pattern =====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon
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#ALBERTDAVID looking good for a SHORT TERM TARGET of 15-20%NSE:ALBERTDAVD
The structure looks quite appealing.
- Consolidation for the last few months seems over.
- Sharp rise from established DEMAND ZONE and consolidating near resistance line.
- Buying volume seems much more convincing than the selling. Can give a good 15-20% rally to the next supply area .
- Halting near resistance line . Seems to soak up all the selling pressure.
** Entry can be made immediately upon breakout or upon retest of the down trendline.
Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.
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CADILA HEALTHCARE FOR 8 DECA trendline breaked and forming head and shoulders pattern. We can sell it for intraday below 470 for target 465, 463 and SL will be 473.50.
Dr. Reddy's News Driven Breakout All Set for 5200+ in Short TermTechnical Breakout today on the Charts + News Driven Trigger of the Sputnik V Vaccine today. What else is needed in the Setup?
- 5200 might as well be achieved this week i.e. November expiry, quite a high chance
In addition to Nifty Pharma index is also in Bullish mode, Expecting Dr. Reddy's to see New ATHs soon too!